Government Official States No Plans To Reduce Import Duty On Rubber
The country has more than 1.3 million rubber growers, with Kerala being a significant contributor to production, which totaled 8.39 lakh tonnes in the 2022-23 fiscal year.
Feb 19, 2024, 19:22 PM IST
Budget 2024: Govt Cuts Import Duty For Parts Used in Mobile Phones To 10 Percent
Ahead of Budget 2024, revised import duties apply to various parts, including battery covers, main camera lenses, back covers, and other plastic and metal mechanical items, as well as GSM antennas.
Jan 31, 2024, 11:16 AM IST
Government Not Considerate On Slashing Duties On Importing Electric Vehicles
No duty cuts expected for importing electric vehicles; government focuses on production-linked incentives for auto industry with Rs 25,938 crore budget.
Dec 13, 2023, 20:49 PM IST
India To Remove Retaliatory Customs Duties On Eight US Products
In 2018, the US imposed an import duty of 25 percent on steel products and 10 percent on certain aluminum products on grounds of national security.
Jun 26, 2023, 12:26 PM IST
Union Budget 2023: Govt to cut Import Duty on raw Material for lab-grown Diamonds
Budget 2023: FM gives major announces major sop for the common man.
Feb 01, 2023, 15:51 PM IST
BMW India to launch 3 electric cars in 6 months, requests govt to lower import duties
BMW will launch its flagship all-electric SUV iX in the next one month, which will be followed by all-electric MINI luxury hatchback in 3 months. These will be followed by the launch of all-electric sedan BMW i4 in six months.
Nov 29, 2021, 14:35 PM IST
Budget 2020: Import duty cut likely on raw material for fertiliser industry
In a bid to boost domestic manufacturing, the government is likely to go ahead with cut in import duty on raw material used in the fertiliser industry, sources said, adding that lower import duty on raw material like rock phosphate and sulphur used for manufacturing of DAP (Di ammonium phosphate) would help boost domestic production and cut in import bill.
Jan 27, 2020, 11:45 AM IST
Govt doubles import duty on sugar to 100%, hikes chana to 40%
Presently, customs duty on sugar is 50% and that on chana is 30%.
Feb 06, 2018, 22:55 PM IST
Import duty may get decreased by 5% on crude and edible oils
Import duty may get decreased by 5% on crude and edible oils. Watch this special segment and get to know more here.
Sep 14, 2016, 15:48 PM IST
Govt may rollback import duty on wheat: Ram Vilas Paswan
Government may scrap the 25 percent import duty on wheat if prices continue to rise, Food Minister Ram Vilas Paswan said on Friday.
Jun 11, 2016, 17:25 PM IST
Industry opposes import duty hike on medical devices
Medical devices industry has strongly opposed the government's proposal to increase the import duty, saying it will increase healthcare costs for patients and hurt the Rs 50,000-crore industry.
Mar 10, 2016, 14:04 PM IST
SIAM says no to import duty cut in EU FTA; Volkswagen in favour
With steps being taken up to resume India-EU FTA talks, automobile industry body SIAM Tuesday asked the government not to give in to the 28-nation bloc's demand to reduce import duties on fully-imported cars, even as German car maker Volkswagen came out in favour of such a cut.
Feb 16, 2016, 21:52 PM IST
Govt may exempt import duty on used cooking oil: Gadkari
To encourage use of alternative fuel, the government is contemplating withdrawing import duty on used cooking oil for conversion into bio-diesel which will help curb pollution, Union Minister
Feb 10, 2016, 17:49 PM IST
Import duty hiked on ghee, butter, butter oil
The government on Monday raised the import duty on three related products - ghee, butter and butter oil - from 30 to 40 percent with immediate effect, owing to a steep fall in global prices.
Oct 05, 2015, 15:17 PM IST
India mulls safeguard duty on steel imports
The government is likely to soon impose safeguard duty on imports of certain types of steel as it has found prima-facie evidence that surge in imports is hurting domestic producers.
Sep 08, 2015, 22:49 PM IST
Govt imposes 10% import duty on wheat
Government on Friday imposed 10 percent import duty on wheat till March 2016 to curb shipments and liquidate poor quality grains lying in FCI godowns.
Aug 07, 2015, 14:23 PM IST
No decision yet on slapping import duty on wheat: Govt
The government on Friday said it has not yet taken a decision to impose duty on wheat imports.
Jul 24, 2015, 16:04 PM IST
Govt raises import duty on selected steel products by 2.5%
In a much needed relief for domestic producers, the government has increased the basic customs duty (BCD) on certain long and flat steel products by 2.5 percent.
Jun 17, 2015, 18:31 PM IST
Govt shelves duty free import scheme for raw sugar
The scheme has been withdrawn also to prevent leakages in domestic markets.
May 02, 2015, 18:52 PM IST
Alarmed by China 'dumping', Minister bats for higher duty on steel
The steel ministry has asked its finance counterpart to raise import duty on the metal amid serious concerns of the industry over "dumping" from China.
Apr 02, 2015, 18:43 PM IST
